Non-fungible tokens: purchase is not complete ownership -Part 5

2. Limited rights

NFTs enable works or collections that were once unavailable for sale to directly reach their audience. In the past, it was impossible to sell things such as "the first tweet" and "a taco animation" on the Internet, or to directly sell a simple artwork. But now, whether it is an individual, a company, or a cultural organization, as long as they are the legal owner of the item, they can do so. In other words, digital creators can directly use NFTs to profit from their followers and sell unique digital content without intermediaries.

According to British Copyright Law, creators can do this. Because as long as the work reflects the "author's own intellectual achievements", the copyright will be automatically generated, which means that the creator of the work is the copyright owner and can perform any actions on the work according to his own will.

When a buyer purchases a piece of NFT from the creator, he obtains the ownership. In a sense, the NFT also becomes the property of the buyer. After all, NFTs are digital ownership certificates that represent the purchase of digital assets and can be tracked on the blockchain. When artists want to sell their work, they will create or "cast" NFTs, and from then on it will become a requirement for the ownership of the work. NFTs are registered on an open blockchain ledger, which enables tracking of ownership (or "source" as it is often called), previous sales price, and the number of copies that exist. The security provided by blockchain technology means that it is almost impossible to sell fake tokens.